Aptiv PLC (NYSE:APTV) Holdings Lowered by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its stake in shares of Aptiv PLC (NYSE:APTV) by 26.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,339 shares of the auto parts company’s stock after selling 39,486 shares during the quarter. Handelsbanken Fonder AB’s holdings in Aptiv were worth $6,613,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Aptiv by 1,390.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock worth $386,103,000 after purchasing an additional 5,002,090 shares in the last quarter. Harris Associates L P bought a new stake in shares of Aptiv in the 3rd quarter worth approximately $162,640,000. Point72 Asset Management L.P. bought a new stake in shares of Aptiv in the 3rd quarter worth approximately $143,909,000. FMR LLC raised its holdings in shares of Aptiv by 20.4% in the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after purchasing an additional 1,294,670 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Aptiv by 29.9% in the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock worth $336,861,000 after purchasing an additional 1,090,766 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Aptiv Stock Performance

Shares of APTV opened at $66.65 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The company has a market capitalization of $15.29 billion, a PE ratio of 9.69, a PEG ratio of 0.63 and a beta of 1.74. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $85.56. The company’s 50 day moving average price is $62.02 and its 200 day moving average price is $64.01.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Research analysts expect that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Analysts Set New Price Targets

APTV has been the topic of a number of research reports. Hsbc Global Res upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Guggenheim reiterated a “buy” rating and issued a $73.00 target price on shares of Aptiv in a report on Thursday, December 5th. Barclays lifted their target price on shares of Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Royal Bank of Canada lifted their target price on shares of Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company lifted their target price on shares of Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $85.61.

About Aptiv

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.